Published date: 29 November 2021

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 7 January 2022, 10am

Contract summary

Industry

  • Accounting, auditing and fiscal services - 79200000

  • Auditing services - 79212000

Location of contract

Any region

Value of contract

£300,000 to £400,000

Procurement reference

20211129170051-3510

Published date

29 November 2021

Closing date

7 January 2022

Closing time

10am

Contract start date

8 February 2022

Contract end date

7 January 2026

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The core tasks each year are:  Audit of the Plan financial statements as at 31 March year end prepared in accordance with UK Generally Accepted Accounting Practice ('GAAP), the Pensions Act 1995 and the Pensions Statement of Recommended Practice ('SORP').  Audit of the Trustee's Statement about Contributions for the year ended 31 March against the Pension Act 1995 requirements and the latest Schedules of Contributions, including contact with all contributing employers. An additional core task once every three years (next due in 2022) is:  Audit of the Plan's Trustee Company financial statements as at 31 March year end prepared in accordance with UK GAAP. There is usually a planning meeting with the main administrator and the Secretariat each January. For 2022 only, after appointment of the auditor in early-February 2022 this meeting should be held as soon as possible. Following this the auditor should prepare the audit scope and strategy plan for sign-off at the April Trustee Board Meeting, which they will also be expected to attend. Throughout the audit completion and accounts preparation period the Secretariat, auditor and lead administrator have weekly calls to ensure the preparation is on track and any issues or queries can be raised and addressed in a timely manner. The audit reports should be ready for sign-off (together with an audit highlights memorandum) no later than the October Trustee Board Meeting, which the auditor will be expected to attend.

About the buyer

Contact name

Martin McGuire

Address

Herdus House
Cumbria
Moor Row
CA24 3HU
ENG

Telephone

+44 1925803042

Email

martin.mcguire@nda.gov.uk

Website

https://www.gov.uk/government/case-studies/shared-services-alliance-ssa-for-nuclear-decommissioning-estate